Beechwood House, Newforge Lane,

•  Office Investment opportunity located in the popular Newforge Lane, Belfast;
•  Fully let to Energia Customer Solutions NI Limited until 30th September 2028;
•  Attractive two-storey office building extending to approximately 3,400 sq ft (NIA);
•  Passing rent of £25,011 per annum, increasing to £35,310 per annum on 16th August 2024 to lease end;
•  Asking Price: We are instructed to seek offers in the region of £360,000 exclusive;
•  A purchase at this level (assuming a rent of £35,310 per annum) reflects a Net Initial Yield of 9.4% and a capital   value of £106 per sq ft.

Directions

•  Newforge Lane is a suburban office location off the Malone Road and is situated in South Belfast, approximately 3.5 miles from the City Centre.

•  The Malone Road is regarded as one of the most affluent south Belfast residential locations.

•  Clement Wilson Park is only a short walk from the property, also accessed via Newforge Lane. Clement Wilson Park has several footpaths that link to the Lagan towpath, route 9 of the National Cycle Networks and nearby Barnett Demesne. The River Lagan flows through the park, making it an attractive local amenity.

•  Beechwood House is located within Riverside Office Park and comprises a purpose built two storey office building of approximately 3,400 sq ft.

•  Benefits from 14no. dedicated on site car parking spaces.

•  Internally the building is finished to include open plan office layout, glazed meeting room pods, suspended ceiling (ground floor), wooden vaulted ceiling (first floor), kitchen, WC’s, fob & key code entry system and gas fired heating.

•  Energia Customer Solutions NI Limited are a significant tenant within the Office Park, occupying a number of other office buildings (Energia House next door, Greenwood House, Ashwood House, Forestwood House, Woodchester House and Parkwood House). Other occupiers include Mortgage Advice Bureau, RSK Ireland, Formation Works and Woven Housing Association.